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Sitting in his spacious and elegantly decorated office in central Paris, a senior executive at a large French bank is explaining why British-based lenders face more pressure to shrink than their continental European rivals.

The location of Britain's first spaceport has been narrowed down to a shortlist of six. Cut down from eight following a three-month consultation, potential sites include Campbeltown, Argyll and Bute, Glasgow Prestwick in South Ayrshire and Stornoway on the ...